**Village Street Edwalton Nottingham NG12 4AB** **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE CHURCH OF THE HOLY ROOD, EDWALTON** ## **ACCOUNTS FOR THE YEAR ENDED 31[st] DECEMBER 2021** **Registered Charity Number 1133017** 1 Independent Examlnerfs Reportto th• membBrs ofthg Parochlal Church Council of Thg Church ofthe Hoty Rood, Eoknlton I rerxyt on my examinab'on of the accounts forthe yearendad 31 De(xmber 2021. R•sponslblUtles and basls of r•port As the members of the PCC you are responsible for the w8paration of the acwjnts in accordance wth the requirements of the Charitses Ac* 2011 I'the Artl. You consider that an audit is not required for thi5 year und8r ￿tion 144121 of the Act, but that an indepeNJent examination required. I report in resFert of my examination of tha aecount$ carried out under section 145 of the Act and in ￿rryIng out my examination I have followed 8118WicaUe Directions given by the Charity Commi$$ion uThJer Sett￿ 14515llbl of I￿A¢t. 1ndep9nd9ntex￿inOf) $l¥¢ement I have comleted rny examination. I confimi that no material matter5 have come to my atientv)n in connedk)n with the exarnination givir¥J me cause to te1iev& that in any rnaterial ￿Spect.. accounting ￿CordS We￿ not kept as required by section 130 of theAct', or the accounts do not accord wth those ￿cOrdS., or the accounts do not cOm￿Y with the app[￿bla ￿￿4re[ne￿ts Conceming the form and content of accDunts 8el out in the Charities (Accounts and Report31 Regulations 2008 other than any requ1￿M￿ntthat the accounts give a true and fairviewwhid) is not 8 matter considered as part of an inde￿ndent examination. I confilln that there a￿ no other matter5 to which your attention should be drawn to enab proter uTrJerstanding of the acc4)unts to be reached. Debbie Caine FCCA CTA ACA 43 Blanford Gardens West Bndgforé Nottingham NG2 7UQ 16 March 2022 |**Statement of Financial Activities for the year ending 31 December 2021**|**Statement of Financial Activities for the year ending 31 December 2021**|**Statement of Financial Activities for the year ending 31 December 2021**|**Statement of Financial Activities for the year ending 31 December 2021**|**Statement of Financial Activities for the year ending 31 December 2021**|**Statement of Financial Activities for the year ending 31 December 2021**|**Statement of Financial Activities for the year ending 31 December 2021**|**Statement of Financial Activities for the year ending 31 December 2021**|**Statement of Financial Activities for the year ending 31 December 2021**| |---|---|---|---|---|---|---|---|---| |||||||||| ||||Notes|**Unrestricted**|**Designated**|**Restricted**|**TOTAL FUNDS**|| |||||**Funds**|**Funds**|**Funds**|**31-Dec**|**31-Dec**| ||||||||**2021**|**2020**| |||||**£**|**£**|**£**|**£**|**£**| |**Incoming Resources**|||1|||||| |VoluntaryIncome||||45,309|110|9,990|55,409|47,647| |Activities forgeneratingfunds||||487|119|1,687|2,293|536| |Income from investments||||3|31,122|-|31,125|30,971| |Church activities||||15,773|-|-|15,773|11,214| |||||||||| |**TOTAL INCOMING RESOURCES**||||61,572|31,351|11,677|104,600|90,368| |||||||||| |**RESOURCES EXPENDED**|||2|||||| |Church activities||||82,432|8,845|11,076|102,353|82,651| |Governance costs||||3,289|-|2,027|5,316|1,705| |||||||||| |**TOTAL RESOURCES EXPENDED**||||85,721|8,845|13,103|107,669|84,356| |||||||||| |**NET(OUTGOING)/ INCOMING RESOURCES**||||(24,149)|22,506|(1,426)|(3,069)|6,012| |**BEFORE TRANSFERS**||||||||| |||||||||| |TRANSFERS BETWEEN FUNDS||||20,000|(20,000)|-|-|-| |||||||||| |**NET(OUTGOING)/ INCOMING RESOURCES**||||(4,149)|2,506|(1,426)|(3,069)|6,012| |**BEFORE OTHER RECOGNISED**||||||||| |**GAINS AND LOSSES**||||||||| |||||||||| |OTHER RECOGNISED GAINS||||-|-|-|-|-| |||||||||| |Gains/(loss)on investment assets||||-|124,307|-|124,307|23,995| |||||||||| |**NET MOVEMENT IN FUNDS**||||(4,149)|126,813|(1,426)|121,238|30,007| |||||||||| |Balances b/fwd 1 January||||44,215|1,264,124|7,126|1,315,465|1,285,458| |||||||||| |**Balances c/fwd 31 December**||||**40,066**|**1,390,937**|**5,700**|**1,436,703**|**1,315,465**| |||||||||| 3 **----- Start of picture text -----**
Balance Sheet as at 31 December 2021
2021 2020
Notes £ £
FIXED ASSETS
Tangible 5a - 24,559
Investments 5b 1,196,020 1,066,901
1,196,020 1,091,460
CURRENT ASSETS
Stock 300 300
Debtors and prepayments 1,730 3,399
Cash at bank and other deposit takers 220,462 222,955
222,492 226,654
LIABILITIES
Creditors - amounts falling due 3,425 2,649
within one year
NET CURRENT ASSETS 219,067 224,005
TOTAL NET ASSETS 1,415,087 1,315,465
PARISH FUNDS 6
Unrestricted - 44,215
Designated 1,390,937 1,264,124
Restricted - 7,126
Endowment - -
1,390,937 1,315,465
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These accounts were adopted at the Parochial Church Council meeting on 21[st] March 2022 Rev’d Mark Fraser, Priest in Charge Church of the Holy Rood, Edwalton 4 **----- Start of picture text -----**
Note 1. INCOMING RESOURCES UnrestrictedDesignated Restricted TOTAL FUNDS
Funds Funds Funds 2021 2020
£ £ £ £ £
1a Volunatary Income
Planned giving:
Gift Aid donations 32,208 - - 32,208 31,858
Tax recoverable 7,536 - - 7,536 8,092
Uncovenanted 3,376 - - 3,376 3,247
Donations:
Sundry 1,189 110 - 1,299 790
Fabric - - - -
Bells - - - -
Grant:
Listed Worship Grant - - 852
Other Grant - 9,990 9,990 1,808
Legacies 1,000 - - 1,000 1,000
45,309 110 9,990 55,409 47,647
1b Activities from generating funds
Fund Raising Events 1,687 1,687 536
Other 487 119 606
487 119 1,687 2,293 536
1c Income from Investments
Dividends - 29,584 - 29,584 28,800
Interest Received 3 1,538 - 1,541 2,171
3 31,122 - 31,125 30,971
1d Income from church activities
Fees 6,615 - - 6,615 7,346
Hire of church hall 9,138 - - 9,138 3,791
Hire of meeting room 20 - - 20 77
15,773 - - 15,773 11,214
TOTAL INCOMING RESOURCES 61,572 31,351 11,677 104,600 90,368
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Note 2. RESOURCES EXPENDED Unrestricted Designated Restricted TOTAL
Funds Funds Funds 2021 2020
£ £ £ £ £
2a Church activities
- - -
Secular charities 128 1,687 1,815 536
Ministry: Parish Share 54,060 - - 54,060 54,228
Incumbent 2,365 - - 2,365 3,392
Vicars expenses 340 - - 340 225
Heating, lighting and cleaning 4,598 - - 4,598 3,420
Insurance 3,846 - - 3,846 3,838
Minor repairs 1,896 - 4,640 6,536 2,043
Churchyard 902 - 578 1,480 174
Audit & Accountancy 300 - - 300 260
Upkeep of services 939 - 972 1,911 533
Depreciation of fixtures and fitting 1,517 1,426 2,943 3,119
Salaries and honoraria 9,623 7,859 500 17,982 10,267
Church hall 1,412 - - 1,412 616
Other 506 986 1,273 2,765
82,432 8,845 11,076 102,353 82,651
2b
Governance
Printing, postage and stationery 2,431 - 2,027 4,458 1,385
Sundry Administration expenses 858 - - 858 320
3,289 - 2,027 5,316 1,705
TOTAL RESOURCES EXPENDED 85,721 8,845 13,103 107,669 84,356
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Note 3. ACCOUNTING POLICIES
Basis of preparation
These accounts have been prepared under the historical cost convention
with items recognised at cost or transaction value
unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with:
The Statement of Recommended Practice: Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.
Debtors
Debtors comprise of income tax recoverable
and other prepayments and accrued income
Creditors
Creditors comprise of accruals and deferred income.
Grants
Grant expenditure has been charged to the statement of financial activities
in the period in which the grant has been awarded.
Note 4. STAFF COSTS 2021 2020
£ £
Wages and salaries 17,982 10,267
17,982 10,267
During the year the PCC employed two administrators, a cleaner and
Pioneer worker, none of whom earned more than £50,000 pa.
There were no disclosable transactions in respect of PCC members,
persons closely connected with them or related parties.
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7 |||||||||| |---|---|---|---|---|---|---|---|---| |**Note 5. FIXED ASSETS FOR USE BY THE PCC**
|||||**Freehold land**|**Church &**|**Church &**|| ||||||**and buildings**|**church hall**|**church hall**|| |||||||**equipment**|**Total**|| ||||||**£**|**£**|**£**|| |**_5 a Tangiblefixed assets_**||||||||| |**ACTUAL/DEEMED**||At 1 January2021|||11,365|30,839|42,204|| |**COST**||Additions|||-|-|-|| |||At 31 December 2021|||11,365|30,839|42,204|| |||||||||| |**DEPRECIATION**||At 1 January2021||||17,645|17,645|| |||Charge for theyear|||-|2,943|2,943|| |||At 31 December 2021|||-|20,588|20,588|| |||||||||| |**NET BOOK VALUE**||At 31 December 2021|||11,365|10,251|21,616|| |||||||||| |||At 1 January2021|||11,365|13,194|24,559|| |||||||||| |**5 b****_Investmentfixed assets_**||||||**£**||| |||Market Value at 1 January2021||||1,066,901||| |||Movements duringtheyear and changes in Mar||||k
129,119||| |||Market Value at 31 December 2021||||1,196,020||| |||||||||| ||**Holdings at 31 December 2021:**|||||||| ||28,683 shares in the CBF Church of England Investment Fund(Designated)|||||||| |||||||||| ||Investments fixed assets include three designated funds,one of £668,211,|||||||| ||one designated fund of £524,300 and one of £3,510. Theyall comprise of equityshares and|||||||| ||bonds and are managed bythirdparties. Fees of £4,900 are charged byinvestment managers|||||||| ||and this has been reflected in the change in market values andyear end valuations.|||||||| ||**Post Balance Sheet Event:**|||||||| ||A large amount of cash was held at theyear end,some of which has been used topurchase a|||||||| ||further 5736 shares in the CBF Church of England Investment Fund to the value of £130,000.|||||||| |||||||||| |**Note 6. NET ASSETS BY FUND**|||**Unrestricted**||**Designated**|**Restricted**|**TOTAL**|| |||||**Funds**|**Funds**|**Funds**||| |||||**£**|**£**|**£**|**£**|| ||Fixed Assets for Church use|||15,916|-|5,700|21,616|| ||Investment Fixed Assets||||1,196,020|-|1,196,020|| ||Current Assets|||26,806|195,686|-|222,492|| ||Current Liabilities|||(2,656)|(769)|-|(3,425)|| |||||||||| ||**Fund Balance**|||40,066|1,390,937|5,700|1,436,703|| |||||||||| |---|---|---|---|---|---|---|---|---| |**Note 5. FIXED ASSETS FOR USE BY THE PCC**
|||||**Freehold land**|**Church &**|**Church &**|| ||||||**and buildings**|**church hall**|**church hall**|| |||||||**equipment**|**Total**|| ||||||**£**|**£**|**£**|| |**_5 a Tangiblefixed assets_**||||||||| |**ACTUAL/DEEMED**||At 1 January2021|||11,365|30,839|42,204|| |**COST**||Additions|||-|-|-|| |||At 31 December 2021|||11,365|30,839|42,204|| |||||||||| |**DEPRECIATION**||At 1 January2021||||17,645|17,645|| |||Charge for theyear|||-|2,943|2,943|| |||At 31 December 2021|||-|20,588|20,588|| |||||||||| |**NET BOOK VALUE**||At 31 December 2021|||11,365|10,251|21,616|| |||||||||| |||At 1 January2021|||11,365|13,194|24,559|| |||||||||| |**5 b****_Investmentfixed assets_**||||||**£**||| |||Market Value at 1 January2021||||1,066,901||| |||Movements duringtheyear and changes in Mar||||k
129,119||| |||Market Value at 31 December 2021||||1,196,020||| |||||||||| ||**Holdings at 31 December 2021:**|||||||| ||28,683 shares in the CBF Church of England Investment Fund(Designated)|||||||| |||||||||| ||Investments fixed assets include three designated funds,one of £668,211,|||||||| ||one designated fund of £524,300 and one of £3,510. Theyall comprise of equityshares and|||||||| ||bonds and are managed bythirdparties. Fees of £4,900 are charged byinvestment managers|||||||| ||and this has been reflected in the change in market values andyear end valuations.|||||||| ||**Post Balance Sheet Event:**|||||||| ||A large amount of cash was held at theyear end,some of which has been used topurchase a|||||||| ||further 5736 shares in the CBF Church of England Investment Fund to the value of £130,000.|||||||| |||||||||| |**Note 6. NET ASSETS BY FUND**|||**Unrestricted**||**Designated**|**Restricted**|**TOTAL**|| |||||**Funds**|**Funds**|**Funds**||| |||||**£**|**£**|**£**|**£**|| ||Fixed Assets for Church use|||15,916|-|5,700|21,616|| ||Investment Fixed Assets||||1,196,020|-|1,196,020|| ||Current Assets|||26,806|195,686|-|222,492|| ||Current Liabilities|||(2,656)|(769)|-|(3,425)|| |||||||||| ||**Fund Balance**|||40,066|1,390,937|5,700|1,436,703|| 8